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U.S. revises Feb oil demand up but still lags 2011

Reuters -- The government revised up its estimate for the nation's oil demand for February by 2.44 percent, although consumption for the month continued to lag year-ago levels.

The Energy Information Administration said in its Petroleum Supply Monthly report that oil demand for the world's top consumer hit 18.734 million barrels per day in February, which was 446,000 bpd higher than previously estimated.

Demand was off by 135,000 bpd, or 0.72 percent, from the 18.869 million bpd posted for the same month last year, EIA said.

U.S. gasoline consumption was revised up 3.43 percent from earlier EIA estimates, but still seen down slightly from February 2011 at 8.622 million bpd.


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Submitted Apr 29, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. revises Feb oil demand up but still lags 2011 Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: May 3, 2012 4:54:10 AM

conservation is the key.
cashpayer
Sophomore Author Raleigh

Posts:147
Points:81,395
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Message Posted: Apr 30, 2012 1:43:33 AM

Hello??? Anyone home?
cashpayer
Sophomore Author Raleigh

Posts:147
Points:81,395
Joined:Feb 2012
Message Posted: Apr 29, 2012 11:32:04 PM

Right, ExplorerWA, we are using less in North America; but the rest of the world is using more.
ExplorerWA
Champion Author Washington

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Message Posted: Apr 29, 2012 9:38:04 PM

People are using less and it is showing.
investmentdr
Champion Author Cleveland

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Message Posted: Apr 29, 2012 6:41:11 PM

keep on conserving
gawxnative
All-Star Author Atlanta

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Message Posted: Apr 29, 2012 4:47:52 PM

We (the US) are using less and producing more but pricing id disconnected from that
BM4225
Champion Author Atlanta

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Points:2,821,170
Joined:Aug 2006
Message Posted: Apr 29, 2012 4:40:05 PM

Got to get that comsumption down, every one either start walking, taking mass transit, or just sleep at work all week, and go home on Friday.
KrsnaDragon
Champion Author Montreal

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Message Posted: Apr 29, 2012 2:43:25 PM

Speculation breeds despair.
sydb7
Champion Author Atlanta

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Message Posted: Apr 29, 2012 1:46:01 PM

This is no surprise bad economy = low demand!
glorioussnookie
Champion Author Tennessee

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Message Posted: Apr 29, 2012 1:12:48 PM

I am so in agreement with "BudsterMO" we must stop the specualtors!!!
BudsterMO
Champion Author Kansas City

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Message Posted: Apr 29, 2012 12:19:35 PM

Statistical hair splitting is insignificant to everyone but speculators. I am sure this data will be used to bid up oil futures contracts.

Stop Oil Speculation (SOS) NOW!
ezone
Champion Author Florida

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Message Posted: Apr 29, 2012 12:06:23 PM

I'm certain this is good information to have, but it is bor-ing.
bart_reed
Champion Author Los Angeles

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Message Posted: Apr 29, 2012 12:04:49 PM

Too many statistics.
iceman11
Champion Author Ontario

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Message Posted: Apr 29, 2012 11:37:28 AM

ok
SOLONGCOLD
Champion Author Phoenix

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Message Posted: Apr 29, 2012 11:32:38 AM

House clears highway bill with Keystone pipeline mandate, thwarts Obama.April 18, 2012
The Hill
By Ben Geman, Russell Berman and Keith Laing see full article posted


[Edited by: SOLONGCOLD at 4/29/2012 12:38:30 PM EST]
mageetp
Champion Author British Columbia

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Message Posted: Apr 29, 2012 11:25:42 AM

More spin.
tomok
Champion Author Portland

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Message Posted: Apr 29, 2012 11:24:44 AM

My fuel demand is much lower than 2011 and the price of fuel at the pump is still too high! And Barry's economy is still bad, very bad!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
12/22/2012!
mikerroy
Champion Author Albuquerque

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Message Posted: Apr 29, 2012 11:12:50 AM

This is an election year, big oil needs to take in more cash so they can BUY the candidates for President, US Senate, Congress, and state law makers. The big oil machine can not keep the price of gas high on their own, they need a lot of help from politicians and the media.
bluebird1
Champion Author Toronto

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Joined:May 2004
Message Posted: Apr 29, 2012 11:08:24 AM

Why is it an estimate when its already occurred & should be able to be measured within limits.?? What they estimate means even less than what is actually demanded - since supply/demand doesn't count anymore...only in paper bbls world.
QualTekGuy
Champion Author Illinois

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Message Posted: Apr 29, 2012 11:05:58 AM

Demand down. Prices up.

Vote responsibly this November.
rocket_ron
Champion Author Grand Rapids

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Message Posted: Apr 29, 2012 11:02:54 AM

Duh, the normal Joe has not participated in any of the recovery.
methaneman
Champion Author Minnesota

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Message Posted: Apr 29, 2012 11:01:39 AM

Fuel prices still $1 a gallon to high!
RBob
Champion Author Portland

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Message Posted: Apr 29, 2012 10:59:16 AM


Then what is their justification for jacking the prices up? Oh yes, I forgot, speculation and price fixing by the big oil monopoly.

sramroop
Champion Author Birmingham

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Message Posted: Apr 29, 2012 10:55:46 AM

Politics
sit
Champion Author Cleveland

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Message Posted: Apr 29, 2012 10:55:44 AM

OK
njerald
Champion Author Seattle

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Message Posted: Apr 29, 2012 10:55:24 AM

Don't believe ANY Liberal government numbers......
bowler360
Champion Author Illinois

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Message Posted: Apr 29, 2012 10:55:12 AM

I'm driving less now. Not sure about the rest of you.
outlaw329
Champion Author Austin

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Message Posted: Apr 29, 2012 10:53:03 AM

The government is nothing but a bunch of POS and they want nothing more then to kiss the ass of their leader and bring this Great Country down!
hailsupersport
Champion Author Cincinnati

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Message Posted: Apr 29, 2012 10:52:56 AM

ok
ItsMorph
Champion Author Grand Rapids

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Message Posted: Apr 29, 2012 10:52:02 AM

 
GRUMPY55
Champion Author California

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Message Posted: Apr 29, 2012 10:51:49 AM

Ok
dsaine
Champion Author North Carolina

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Message Posted: Apr 29, 2012 10:50:06 AM

Remember to vote in November.
Ray_10589
Champion Author New York

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Message Posted: Apr 29, 2012 10:50:05 AM

no surprise ...
Der_Meister
All-Star Author Salt Lake City

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Message Posted: Apr 29, 2012 10:49:57 AM

Put a leash on the oil companies and speculators!!!
WinderGuy
Champion Author Georgia

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Message Posted: Apr 29, 2012 10:49:49 AM

Ok
red5529
Champion Author Alabama

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Message Posted: Apr 29, 2012 10:48:39 AM

The greener the administration trys to go the more oil we use as we try to keep away from Obama's more expensive energy.
repeater1
Champion Author Topeka

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Message Posted: Apr 29, 2012 10:47:58 AM

More useless information
gvan
Champion Author Chicago

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Message Posted: Apr 29, 2012 10:45:51 AM

"republicans have tried to get the Keystone pipeline running and/or drill in our own country but B.O. puts the kabosh on them every time.. read the facts!"

Another fact: The Democrats wanted a mandate that, if approved, the oil from the Keystone pipeline would only be used for domestic purposes but it was shot down by the republicans.
rhail2
Champion Author Kentucky

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Message Posted: Apr 29, 2012 10:45:37 AM

ok
ss70
Champion Author Detroit

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Message Posted: Apr 29, 2012 10:44:14 AM

Hope low demand continues
mitchell6597
Champion Author New Hampshire

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Message Posted: Apr 29, 2012 10:41:07 AM

Means nothing, essentially.
JLSindy
Champion Author Cleveland

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Message Posted: Apr 29, 2012 10:40:56 AM

I agree with most of what everyone says.
bginsj
Champion Author San Jose

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Message Posted: Apr 29, 2012 10:39:52 AM

same story different day
drawee
Champion Author Texas

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Message Posted: Apr 29, 2012 10:39:50 AM

old news
kc58veteran
Champion Author Pennsylvania

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Message Posted: Apr 29, 2012 10:39:39 AM

VOTE TO CLEAN OUT WASHINGTON IN 2012!!!!!
SOLONGCOLD
Champion Author Phoenix

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Joined:Nov 2010
Message Posted: Apr 29, 2012 10:37:50 AM

republicans have tried to get the Keystone pipeline running and/or drill in our own country but B.O. puts the kabosh on them every time.. read the facts!
Jizme
Champion Author Lincoln

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Message Posted: Apr 29, 2012 10:37:50 AM

Bla, bla, bla, whatever.
jci25946
Champion Author Tampa

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Message Posted: Apr 29, 2012 10:37:09 AM

Too bad low demand doesn't mean low prices!!!
JR57CA
All-Star Author Los Angeles

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Points:548,055
Joined:May 2011
Message Posted: Apr 29, 2012 10:34:42 AM

Aren't we glad to know our tax dollars have a purpose. And, for those of you who keep thinking any President can control the price we pay at the pump - GROW UP! The oil industry is PRIVATE, though publically traded. They can charge whatever they want for "their" product(s). Unless the Gov't regulates the entire industry(which Republicans will not allow, as they are primarily oil people), there is no possible way for the price we pay at the pump to be decided in D.C.! However, controlling "speculators" is possible and a good idea!
Cableman66
Champion Author North Carolina

Posts:5,708
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Message Posted: Apr 29, 2012 10:34:29 AM

In an electronic age seems this info would be available earlier and not being revised 60 days after the fact. Makes you wonder if the EIA INFO is correct or did these guys get trained where the weather guys did %%%.
LoneGuy
Champion Author Lansing

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Message Posted: Apr 29, 2012 10:34:13 AM

So we are still in this long running recession? No surprise.
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